Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure.
It appears as the bottom is in so we can use the lows as invalidation level.
Trade Idea:
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with stops below the lows
- Targets: 24, 25, 26.
We may make an expanded or contracted flat correction so just manage position as we move higher.
Goodluck and as always, trade safe!
It appears as the bottom is in so we can use the lows as invalidation level.
Trade Idea:
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with stops below the lows
- Targets: 24, 25, 26.
We may make an expanded or contracted flat correction so just manage position as we move higher.
Goodluck and as always, trade safe!
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